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Also insisted that they move jobs out of the country, etc - all in the name of lower prices. The economics of bringing the manufacturing capacity back with no caps increases price, and the only place to cut it then would be...wait for it...worker wages.
I am being respectful, just discussing the idea, but know that several people in the "conservative\so-called-free-market\screw-everyone-for-a-profit" crowd that have encouraged the idea of getting rid of the min wage so that they could pay people less with the dubious benefit of "providing more jobs". When it is pointed out that those people would then have to live on a combination of their salaries and food stamps while their are no caps on management pay, their response seems to indicate that this is the way they think the world should be.
It also occurs to me that with that provision the company might just move their mgmt to another country and sell their goods as an export - no problem being quarted in the Caymens for a company with most of their work in Mexico, though there are some places where tax consequences might be worse than here.
We have to figure out a way to compete with price without doing it on the backs of the workers. One approach might be to make an appeal to patriotism (Buy American) or create businesses which are owned by the people who work in it - they might be able to compete with others who are just all about profit, and if they have a share in real decision-making they would have a voice in what management is paid - since they would be managment.
Thank you. It's nice to see someone thinking about how to replace 27 million jobs instead of all the other hoo-haw, for a change ;)
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